11:51 AM EDT, 10/29/2025 (MT Newswires) -- (Updates shares.)

Coppernico Metals ( CPPMF ) said Wednesday it expanded its Sombrero project in Peru through an application for concessions covering 2,400 hectares over a newly identified target within the property.

The company said it pursued the targets after receiving encouraging early-stage geological and geochemical sampling results from the Rumi target near the Sombrero project area.

"As our exploration efforts are ongoing at various targets at our Sombrero project, we continue to review opportunities in the region aiming to expand our pipeline of prospective discovery targets," chair and chief executive officer Ivan Bebek said. "The Rumi target is our 17th standalone target in our 56,400-hectare land position, supporting our goal of pursuing multiple significant discoveries on the western side of the Andahuaylas-Yauri belt."

Coppernico expects to provide additional permitting updates and channel sampling results in the coming weeks.

Coppernico was at last look up $0.015 to $0.27 on the Toronto Stock Exchange.

Price: 0.27, Change: +0.02, Percent Change: +5.88